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In a way, Tekmerion Capital is a throwback to an earlier era of hedge funds.Before mega funds like Millennium and Citadel shifted the $5.2 trillion industry toward more institutional “skill factories,” hedge funds were dominated by quirky characters trading niche markets and esoteric instruments.Zachary Squire certainly fits that bill. The chief investment officer of Tekmerion Capital, which will spin out of Brevan Howard next month with $1 billion in assets, Squire has the investing bona fides — with stops at D.E. Shaw, Bridgewater, and HBK — that would catch any allocator’s eye.Even in the eccentric world of macro investors, though,…

At 1:13 p.m. PT on Thursday, a member of “Square Mafia” sent a news article to the Slack group’s #general channel along with a single word: “Whoa!”The article detailed sprawling cuts at Jack Dorsey’s payment processing company, Block, which had previously rebranded from Square Inc. five years ago. At least 4,000 Block employees were laid off last week, nearly half of the company.The message received seven middle-finger emoji reactions. The most popular reaction was the Pokémon Psyduck, often used to convey confusion or stress, with 13 emojis. A screenshot of the “Square Mafia” Slack group, comprising former employees of Jack…

After visiting Spain several times, I’d absolutely fallen in love with the country. By late 2024, I’d decided to leave the US and move there.Perhaps I should’ve been worried since I had no friends or family in the country, and I didn’t speak the local language — even basic phrases such as “¿Cómo estás?” and “¿Cómo te llamas?” were far beyond my scope.I just figured everything would work itself out, and it mostly has. However, the past year (and change) since I moved has been complicated. Being an English speaker in a place where Spanish is the primary language has…

Meta’s earnings sent a clear signal to Wall Street on Wednesday: while its core advertising engine is still firing on all cylinders, the price tag for CEO Mark Zuckerberg’s AI ambitions will skyrocket in 2026.The company reported $59.89 billion in revenue for the fourth quarter of 2025, topping Wall Street’s forecasts. Meta’s stock jumped as high as 10% in after-hours trading.Alongside the upbeat numbers, Meta laid out how hard it plans to push in 2026. The company said it expects to spend $115 billion to $135 billion next year on capital expenditures — largely on the computers and data centers…

A line in Trump’s State of the Union address could be good news for hopeful retirees.President Donald Trump proposed an expansion of retirement savings for Americans without 401(k)s and other employer-provided retirement plans during his Tuesday speech. He said the federal government will soon match individual savings up to $1,000 a year. Over 40 million Americans who work full-time don’t have a retirement plan, and nearly 49 million don’t have employer matching, according to the Economic Innovation Group.”Next year, my administration will give these often forgotten American workers, great people, the people that built our country, access to the same…

Goldman Sachs’ top lawyer is leaving the firm, after more documents from the Department of Justice’s files on Jeffrey Epstein shed further light on the attorney’s relationship with the convicted sex offender.Kathy Ruemmler, previously a top attorney at Latham & Watkins, is resigning from Goldman effective June 30, her representative told Business Insider. She joined Goldman in 2020.In a statement to Business Insider, Ruemmler said it was her duty “to put Goldman Sachs’ interests first.”Goldman CEO David Solomon said in a statement to Business Insider that he accepted Ruemmler’s resignation and respected her decision.”As one of the most accomplished professionals…

2026-02-17T05:01:01.216Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. 2026 is the year of fiber, with big brands gearing up to offer more fiber-rich products. So we tested out Coca-Cola’s fiber-enriched Diet Coke, a drink available only in Asia. There were some small differences with regular Diet Coke, but we were pleasantly surprised. Six weeks into 2026, it’s…

Lots of publishers are freaked out about “Google Zero” — the notion that one day, Google will stop sending them any traffic at all. Loading audio narration… That’s more or less already happened at People Inc., says CEO Neil Vogel: Vogel says Google referrals used to account for 70% of his properties’ traffic, but dropped off quickly in the last couple of years. Now Google represents about 25% of its mix.That decline is supposed to be an existential problem for people like Vogel, who spent years building sites designed to harvest search traffic. Instead, he’s growing at a double-digit clip.One…

Costco’s Auto Program should be as popular as its $5 rotisserie chicken — but I’ve learned not too many of its members actually know it exists. I discovered the program this past summer during a Costco grocery run when a pamphlet caught my eye as I was leaving. At the time, I was in the market for a car but putting it off because I didn’t want to deal with persistent salespeople or lose a day haggling at a dealership.Turns out, the warehouse offers more than just deals on a few specific vehicle brands. Soon, I learned that with this…

If you handed most people nearly $400 billion, they’d find plenty of silly ways to squander it. Warren Buffett isn’t most people.The legendary investor — known for his patience, discipline, and love of a bargain — said last year that he would happily put $100 billion to work if the right opportunity arose. But he resisted any urge to go on a last-ditch spending spree in his final quarter as Berkshire Hathaway CEO.The message to shareholders from Berkshire’s fourth-quarter earnings report, released Saturday, is that Buffett once again struggled to find much worth buying.That’s been the situation for years now…